Endowment Proposal To Aid Tuition Relief

In a Dec. 7 article, it was reported that Reed’s endowment proposal would ensure endowment funds, which are tax-free dollars, go to reduce a student’s tuition by 25 percent. Correctly, Reed’s proposal would ensure approximately 25 percent of an endowment’s annual investment returns, which are not taxed, go to direct tuition relief for working and middle income families.